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Anonymous

14 Nov 2021

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Insurance

Pre-existing condition for insurance

I was reading about pre-existing conditions declarations for insurance. In the case where someone has pre-existing conditions such as psychiatric issues (or any other pre-existing conditions), but did not declare it before buying the insurance policy. Subsequently a claim is made for an unrelated condition such as diabetes, or cancer, will it be possible the insurer refuses to make a payout? Or the insurance benefits become invalid or void? Thanks in advance!

Discussion (5)

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Kylie Ng Kai Li

17 Nov 2021

Senior Premier Consultant at AIA Insurance Pte Ltd

Hi, if you know that you have yet to declare any pre-existing conditions before buying the policy and have yet to make any claims, tell your agent to declare to the company to see if they will still accept this case before any claims is being made.

Tan Siak Lim

17 Nov 2021

CFP. Director, Financial Advisory Group at Financial Alliance

Yes, the insurer has the right to void policy for any non-disclosure of material information, whether related or not related to the claim

Elijah Lee

16 Nov 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

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A couple of things may happen.

  1. The whole policy will be void and no payout will occ...

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